The global cooling
fabrics market size is expected to be worth USD 3.24 billion by
2025, according to a new report by Grand View Research, Inc. Growing focus on
fitness, sports, and leisure activities coupled with increasing health
consciousness among the population all around the world is likely to propel
market growth. The innumerable benefits offered by cooling garments such as
moisture wicking, sweat evaporation, breathability, and ventilation have
enhanced their use among the athletes.
The demand for cooling fabrics in military and
industrial applications is increasing owing to their benefits such as
temperature regulation, resistance from harmful UV rays and pollutants, as well
as the protection they provide to the wearer in case of excessive heat
exposure. The augmenting demand from healthcare and fashion industries is
anticipated to accelerate the market growth.
Increasing research & development activities and
various government incentives are projected to accelerate the production,
thereby triggering the market demand. Various EU funded projects have drawn a
large number of manufacturers toward the market for the development of
innovative products in an attempt to stay competitive. Additionally,
these fabrics also address sustainability issues by saving energy that is
required to heat or cool the environment around the wearer.
Sports apparel segment is expected to account for
44.5% of the global market in 2025. The demand can be attributed to heat,
moisture, and perspiration resistant, light weight, smart, and easy to carry
wearables, which assist in regulating the wearer’s body temperature in line
with the outside temperature. The technological advancements in the product to
enhance the performance of garments are likely to fuel its demand the forecast
period.
North America is the leading market for cooling
fabrics owing to the early adoption and augmenting sports and outdoor
activities in the region. Extensive research and development carried out by
leading manufacturers in countries such as the U.S. and Canada is anticipated
to propel market growth. Technological advancements and innovative product
developments in the region are projected to augment the market demand.
Countries such as Germany, the UK, China, India, and Japan in the European and
Asia Pacific regions are also rapidly developing markets for cooling fabrics.
Browse full research report on Cooling Fabrics Market: https://www.grandviewresearch.com/industry-analysis/cooling-fabrics-market
Further
key findings from the report suggest:
- The market is expected to record a CAGR of 11.1% from 2017 to 2025
on account of increasing awareness as well as health and safety concerns
among the consumers. In terms of revenue, sports apparel segment is
expected to denote a CAGR of 11.8% from 2017 to 2025 owing to high product
demand from developed as well as emerging countries.
- North America was valued at USD 557.7 million in 2016 and is
expected to witness a significant development on account of rising demand
in sports apparel as well asprotective wear applications
- Key market players include Coolcore LLC; Kraton Corporation;
Invista; Ahlstrom Corporation; Nilit Ltd.; Polartec LLC; Nan Ya Plastics
Corporation; Tex-Ray Industrial Co., Ltd.; Formosa Taffeta Co., Ltd.;
HexArmor; Adidas AG; and Nike, Inc. The companies mainly focus on
extensive innovation and increasing their production capacities to fulfill
the worldwide product demand.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/smart-textiles
Grand
View Research has segmented the cooling fabrics market on the basis of type,
application, and region:
Type
Outlook (Revenue, USD Million; 2014 - 2025)
- Synthetic
- Natural
Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Sports
Apparel
- Protective
Wear
- Lifestyle
- Others
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest of
Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia
Pacific
- South &
Central America
- The Middle
East and Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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